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KB Home / Tax Return Production / How do I complete a CT600 for a property company? (Business users)

How do I complete a CT600 for a property company? (Business users)

Article ID: 1323
Last updated: 03 Aug, 2020

To complete a CT600 for a property company, follow these steps:

  1. Open the CT600.
  2. Go to Company Type (SimpleStep mode) or Information (HMRC Forms mode).
  3. Tick the box labelled Should the company be taxed as a Property Business (formerly Schedule A)?
  4. Open the Tax Adjusted Profit/(Loss) worksheet.

SimpleStep Mode:

CT600 Core > Property business income > Tax adjusted profit/loss - disallowable expenditure

CT600 Core > Property business income > Tax adjusted profit/loss - Other adjustments

HMRC Forms Mode:

CT600 Core > Computations >  Tax adjusted profit/loss - disallowable expenditure

CT600 Core > Computations >  Tax adjusted profit/loss - Other adjustments

  1. Enter the information to appear on the computations – such as profit, disallowable expenses, wear and tear.
  2. Complete Capital Allowances and a Property Losses Record (if applicable).
  3. Select View iXBRL Tax Computation from the left-hand menu to preview the computations.
Article ID: 1323
Last updated: 03 Aug, 2020
Revision: 5
Views: 4539
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Also listed in
folder Tax Return Production -> CT600 Corporation Tax Return

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